Final Fantasy Versus XIII, the side-story action RPG announced in 2006, has seen its fair share of rumors and hearsay. As recently as E3, an event Final Fantasy Versus XIII was suspiciously absent from, we'd heard the title had been transformed into Final Fantasy XV. Recent weeks have brought about a new rumor, that the project had been canceled as a whole. Square Enix CEO Yoichi Wada has had enough, and came forward on Twitter to confirm the game is still in development.
Wada denied the rumor straight away, mentioning he had just taken part in a periodic meeting for the title. He then mentions how impressed he was with the quality of the cityscape he was shown. All in all, it seems this rumor is kaput.
Still, it begs the question as to why Final Fantasy Versus XIII has disappeared from the public eye for so long. In September of 2011 Wada stated that Versus was currently in 100% full production and was being built with the company's new Luminous Engine. Whether, since the announcement, Square has had problems with its engine or otherwise there's really no reason to hide such an anticipated title from its fans.
I find it quite evident Square is having some sort of personality crisis at the moment. Torn between a prospering mobile industry, its past dedication to Final Fantasy works like 7-13, a new movement to return to an older Final Fantasy sensibilities, and its role as a high-tier publisher, Square Enix is having trouble managing its priorities. Time will tell how Square sorts itself out, but hopefully it doesn't tear itself apart in the interim.